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John Lewis set to axe hundreds of jobs and close shops to cut costs

FREE newsletter is just champion! Get the biggest and brightest stories sent straight to your inboxJohn Lewis is set to axe jobs and shut stores in a bid to cut costs as the coronavirus crisis wreaks havoc on profits.In a bombshell letter to staff and seen by the Evening Standard, new chairman Sharon White said the company has “too much store space for the way people want to shop now”.Its bonus is also likely to be ditched next year.

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